JSW ENERGY Announces Quarterly Results (2QFY20); Net Profit Up 22.4%

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JSW ENERGY Announces Quarterly Results (2QFY20); Net Profit Up 22.4%
Mon, 4 Nov

JSW ENERGY has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

JSW ENERGY Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m24,30824,12221,186-12.2%-12.8%
Other incomeRs m1,3705181,133118.6%-17.3%
TurnoverRs m25,67724,64022,319-9.4%-13.1%
ExpensesRs m15,69416,02911,838-26.2%-24.6%
Gross profitRs m8,6138,0939,34815.5%8.5%
DepreciationRs m2,9332,9132,9431.0%0.3%
InterestRs m3,0832,6982,7220.9%-11.7%
Profit before taxRs m3,9673,0004,81660.5%21.4%
TaxRs m1,1253031,338342.0%19.0%
Profit after taxRs m2,8432,6983,47828.9%22.4%
Gross profit margin%35.433.544.1
Effective tax rate%28.310.127.8
Net profit margin%11.110.915.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 12.8% on a year-on-year (YoY) basis. The expenses were down by 24.6% YoY during the same period.
  • The company's operating profit increased by 8.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 44.1% in 2QFY20 as against 35.4% in 2QFY19.
  • Depreciation charges increased by 0.3% and finance costs declined by 11.7% YoY, respectively.
  • Other income declined by 17.3% YoY during the quarter.
  • Net profit for the quarter increased by 22.4% YoY. Net profit margins during the quarter increased from 11.1% in 2QFY19 to 15.6% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 26.2% QoQ during the same period.
  • The company's operating profit increased by 15.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 44.1% in 2QFY20 as against 33.5% in 1QFY19.
  • Net profit for the quarter increased by 28.9% QoQ, while net profit margins increased from 10.9% in 1QFY19 to 15.6% in 2QFY20.

To see how JSW ENERGY has performed over the last eight quarters,please visit here.

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JSW ENERGY Share Price Performance

Over the last one year,JSW ENERGY share price has moved up from Rs 65.6 to Rs 75.5, registering a Gain of Rs 9.9 or around 15.1%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 2,004.4 (up 0.8%). Over the last one year it has moved up from 1,989.3 to 2,004.4, a gain of 15 points (up 0.8%).

Overall, the S&P BSE SENSEX is up 17.2% over the year.

Current Valuations

At the current price of Rs 75.5, the price to earnings (P/E) ratio of JSW ENERGY stands at 16.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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